Here are top 3 Multibagger Stocks for 2022 according to both technical and fundamental analysis.
Suzlon Energy
On a monthly chart, the stock has given a 5 months break and sustained on top of the previous high of 29.45 created in Gregorian calendar month 2021
“One will initiate a protracted position in SUZLON around ten or a fall within the worth until twenty-eight levels, are often used as shopping for a chance for the upper side target of 215 and 220 whereas the support is placed at around thirty-six levels, that can be thought of as a stop loss on a closing basis.
MMTC
On a monthly chart, the stock has been forming an optimistic Flag Pattern, that may be a long continuation pattern and indicates a positive strength.”One will initiate a protracted position in MMTC around 344 or a fall within the worth until 240, are often used as shopping for a chance for the upper side target of 260 to eighty, whereas the support is placed at around 335 levels, that can be thought of as a stop loss on a closing basis, suggests Summit Bagadia of selection Broking.
IFCI
On a monthly scale, the stock has given six months consolidation break and rapt on top of the previous high of ₹16.4 levels on June 2021 together with the Accenture volume spurt.
“One will initiate a protracted position in IFCI around ₹16 or a fall within the worth until are often used as a shopping for a chance for the upper side target of ₹25 to ₹30 whereas the support is placed at around ₹11 levels, that can be thought of as a stop loss on a closing basis,” selection Broking consultants aforementioned.
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